NORDIC: 2014 profit and dividend on uptrend

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Impact from oil price plunge?

CTFoo3.15 L-R: Eric Lin (Director, Special Projects and Product Development) and Foo Chee Tsuan (General Manager -- Power and Automation) with a private investor.» Is Nordic affected since its products and solutions are ship-related? Mr Chang noted that risks are mitigated because of the diverse range of vessels that Nordic serves.

While Nordic may see lower business related to oil & gas vessels such as semi-submersibles and FPSOs, there are other vessel types such as bulk carriers and container vessels for which it's business as usual for Nordic.

» As for scaffolding work for oil & gas majors whose plants are due for a shut-down for major maintenance, Mr Chang reckoned that they will keep to their schedule.

These companies will not defer the major maintenance works as that would breach in-house standards.

Incidentally, maintenance contracts are excluded from the announced order book of Nordic which stood at S$38.9 million as at end February this year as these contracts are based on unit rates and therefore do not have a stated contract value upfront.

For the Powerpoint presentation materials, click here.

Counter Name	Last	Change
AEM Holdings	1.840	-0.020
Best World	2.480	-
Boustead Singapore	0.950	-0.005
Broadway Ind	0.145	0.005
China Aviation Oil (S)	0.865	-0.005
China Sunsine	0.390	-0.005
ComfortDelGro	1.390	-0.010
Delfi Limited	0.875	-
Food Empire	1.120	-0.010
Fortress Minerals	0.310	-
Geo Energy Res	0.300	0.005
Hong Leong Finance	2.420	-0.010
Hongkong Land (USD)	3.420	0.010
InnoTek	0.505	-
ISDN Holdings	0.300	-0.005
ISOTeam	0.047	-
IX Biopharma	0.039	-0.004
KSH Holdings	0.245	-
Leader Env	0.049	-
Ley Choon	0.055	-0.001
Marco Polo Marine	0.068	-0.003
Mermaid Maritime	0.135	0.002
Nordic Group	0.305	-
Oxley Holdings	0.090	0.001
REX International	0.124	-
Riverstone	0.930	0.005
Southern Alliance Mining	0.480	-
Straco Corp.	0.490	-
Sunpower Group	0.230	-
The Trendlines	0.063	-
Totm Technologies	0.019	-0.002
Uni-Asia Group	0.810	-0.035
Wilmar Intl	3.160	-
Yangzijiang Shipbldg	1.750	-0.020

Counter Name

Last

Change

AEM Holdings

1.840

-0.020

Best World

2.480

Boustead Singapore

0.950

-0.005

Broadway Ind

0.145

0.005

China Aviation Oil (S)

0.865

-0.005

China Sunsine

0.390

-0.005

ComfortDelGro

1.390

-0.010

Delfi Limited

0.875

Food Empire

1.120

-0.010

Fortress Minerals

0.310

Geo Energy Res

0.300

0.005

Hong Leong Finance

2.420

-0.010

Hongkong Land (USD)

3.420

0.010

InnoTek

0.505

ISDN Holdings

0.300

-0.005

ISOTeam

0.047

IX Biopharma

0.039

-0.004

KSH Holdings

0.245

Leader Env

0.049

Ley Choon

0.055

-0.001

Marco Polo Marine

0.068

-0.003

Mermaid Maritime

0.135

0.002

Nordic Group

0.305

Oxley Holdings

0.090

0.001

REX International

0.124

Riverstone

0.930

0.005

Southern Alliance Mining

0.480

0.490

0.230

0.063

0.019

-0.002

Uni-Asia Group

0.810

-0.035

Wilmar Intl

3.160

Yangzijiang Shipbldg

1.750

-0.020

Comments

#2 chanteik 2015-03-19 13:35

lotustpsll, may your stock picks all huat big time! :-)

#1 lotustpsll 2015-03-18 10:30

Chan Teik, thanks for the interesting report. I am positive of the business model and the intended acquisition. I believe the shareholders of Austin will be required to provide profit guarantees for a period of time.

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NORDIC: 2014 profit and dividend on uptrend

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